Cybersecurity stocks rise following a global ransomware attack

London-listed shares in cloud network security firm Sophos, jumped as much as 3.6% to a record high, after a global ransomware attack has hit over 150 countries, including India.Reuters | May 15, 2017, 13:03 IST

Cybersecurity stocks and tracker products rose at the European open on Monday after a global "ransomware" attack disrupted car factories, hospitals, shops and schools around the world.

London-listed shares in cloud network security firm Sophos, which also saw an upbeat target price raise at Deutsche Bank, jumped as much as 3.6% to a record high.

A cyber-attack in at least 150 countries spread across the globe including India on Friday, disrupting operations at firms including French carmaker Renault.

Europe's police agency Europol said on Monday the attack had hit 200,000 in at least 150 countries. French government cyber security agency ANSSI said Renault was not alone to be hit, and warned of other possible attacks soon.

The impact on India from this ransomware attack has been minimal so far but the real test will be today when scores of professionals switch on their work systems, said cyber security firms.